The bankruptcy of GAC-FCA, a joint venture established by Netherlands-based automaker Stellantis and China's GAC Group, in late October triggered a dealers' rights protection campaign.
HoloMatic, an autonomous driving technology company in China, announced on November 11 that it had completed a C2 round of financing, led by GAC Capital and followed by Zhidu Investment and Chaos Investment.
On October 31, Netherlands-based automaker Stellantis announced that the GAC-FCA, a joint venture established by Stellantis and China's GAC Group, will file for bankruptcy in court.
Chinese automaker GAC Group announced on October 20 that its subsidiary GAC Aion has completed round-A financing of 18.294 billion yuan ($2.42 billion) from a total of 53 strategic investors, boosting its post-investment valuation to 103.294 billion yuan.
Over the past two years, a steady decline in the capacity utilization rate among traditional automakers has become an intensifying industry-wide trend, due to the rapid development of the new energy vehicle market.
At the Chengdu Motor Show on August 26, GAC AION launched its 2023 AION V Plus pure electric SUV. The new vehicle is available in 10 versions, including a 7-seat version for the first time.
Chinese automotive firm GAC Group announced two important proposals on August 25, including one to set up an independent battery company, and another to allow a company it has invested in to build a battery production base.
On August 11, Chinese state-owned auto manufacturer GAC Group announced plans to set up a new entity tentatively named Electric Drive Technology Company.
On July 25, news emerged that Chinese auto giant GAC Group is now developing flying cars. This represents an important measure for the transformation of GAC as a traditional car company.
SenseTime, an artificial intelligence software company, announced on July 26 that it has reached a strategic cooperation agreement with GAC Group.
Chinese automakers including Leapmotor and BYD are currently discussing the possibility of acquiring ownership of GAC Fick's factory in Changsha.
Aion, a new energy vehicle marque under Guangzhou Automobile Group (GAC Group), is currently establishing a power battery company to promote the industrial layout of self-developed batteries.
Stellantis, a multinational automotive manufacturer, announced on July 18 that the company will adopt an asset-light approach to develop its Jeep brand in China.
Chinese automobile brand GAC Motor released a compact SUV model “Emkoo” on Thursday morning, with a design based on GPMA architecture.